Traders brace for Trump's new tariff plan, possible Iran attack and Nvidia earnings

February 20, 2026

TL;DR

Wall Street anticipates President Trump's new 10% global tariff plan after the Supreme Court's ruling on reciprocal tariffs.
The Supreme Court decision on tariffs could lead to prolonged legal battles over refunds for affected companies.
Escalating tensions with Iran and potential military action are a concern, with Trump setting an unclear deadline.
Nvidia's upcoming earnings report is critical for assessing continued investment in artificial intelligence.
The market faces geopolitical risks and high expectations, leading some investors to adopt defensive strategies.

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